In a move that signals an increased focus on Asia-Pacific, The Bank of New York Mellon has appointed Chris Sturdy to a new position as chairman of the region. This is the first time the bank, which is active within asset management and securities servicing largely custody-related businesses, will have such a senior representative based in Asia. It indicates that it is ready to expand the business further following the merger between The Bank of New York and Mellon Financial Corporation in the middle of last year.
Sturdy, who will relocate to Hong Kong for his new position, joined BoNY in 1982 and has held various positions in the bank both in London...
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